Southpace Properties to Develop $11 Million Mixed-Use Building in Birmingham

Situated at the corner of 4th Avenue and 14 Street, Macaroni Lofts is a redevelopment of the former Birmingham Macaroni Co. warehouse, which was built in 1902.

Birmingham, Ala. — Southpace Properties will develop Macaroni Lofts, a mixed-use building in Birmingham’s Parkside District that will include 35 residential units and 6,000 square feet of retail space. Birmingham Business Journal reports the project will cost $11 million to complete. Situated at the corner of 4th Avenue and 14 Street, Macaroni Lofts is a redevelopment of the former Birmingham Macaroni Co. warehouse, which was built in 1902. The building’s existing structure will remain intact with the addition of rooftop penthouse units with private terraces. The development team includes Fifth Dimension Architecture, Commerce One as the lender and Southpace Properties for the commercial space listing(s). Completion is scheduled for summer 2020 with units becoming available for pre-sale this month.

Much of the spotlight surrounding in-demand tenants at today's shopping centers is focused on food and beverage and entertainment users.
This is a solid strategy, agrees Steven Maksin, founder and CEO…